Features
Put more money back into your pocket!
As a not-for-profit, we're able to offer higher yields and fulfill our promise of giving back to our members.
Anyone can be a member!
Setup recurring transfers from your account without paying annoying transfer fees.
Your account is Federally
insured by the NCUA to at least $250,000.
1The rate for our Premium Online Savings Account is the national average of 0.05% APY, based on the national average of savings accounts rates published in the FDIC Weekly National Rates and Rate Caps accurate as of
.
2Government regulations restrict certain types of withdrawals from your Pentagon Federal Savings Account up to six times per monthly dividend cycle. If you exceed the permitted number of withdrawals, a fee will be assessed which may affect your earnings. Premium Online Savings account holders must agree to electronic delivery of account opening disclosures and monthly statements.
You will need your social security number to open an account. You can add a joint owner and up to two beneficiaries during the account opening. If you would like to have a joint owner, you will need your joint owner to enter their social security number and other personal details.
Click “Open Now” at the top of this page to get started.
Enter your account and routing numbers for your account at another financial institution to fund your new PenFed account.
Earn
the national average
with a Premium Online Savings Account
*Annual Percentage Yield
$5 minimum to open